By Guy Montague-Jones2018-05-03T10:00:00
Acquisition of Algonquin gives the fund manager a portfolio of 43 pan-European hotels worth €1.8bn.
Founded in 1998, Algonquin acts as both an equity investor and a hotel operator. From offices in Paris, London and Brussels, it manages a portfolio comprising 43 hotels with more than 7,500 rooms, worth €1.8bn.
The acquisition of Algonquin marks Schroders’ first strategic move into the hotels sector and comes less than a year after the fund manager entered another new market, with the purchase of The Self-Storage Company.
You must be logged in to continue
Register for free to finish this article.
Sign up now for the following benefits:
To access this article REGISTER NOW
Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.